Apple was expected to unveil a 7-inch version of its successful iPad tablet PC, dubbed as "iPad mini" on Tuesday
SAN JOSE, CA -- Consumer technology giant Apple Inc. was set to host a media event in San Jose, California on Tuesday, where it was widely expected to take the wraps off a smaller iPad tablet PC.
The new tablet, dubbed the "iPad mini" by the media, was rumored to feature a 7.85-inch display, compared to the 9.7-inch screen of Apple's current iPad lineup.
Offering the iPad mini at a lower purchase price that its larger-sized cousins, Apple was seen as fending off increased competition from rivals including Amazon, Microsoft and Google.
The pricing for the new iPad was set to be unveiled during the media event, scheduled to commence at 10am PST (1700 GMT) on Tuesday, but industry analysts expected that Apple CEO Tim Cook may charge as little as $249 for the new device.
Apple has to date sold more than 84 million iPads since the tablet was first introduced by co-founder Steve Jobs in January 2010.
Apple Inc took the wraps off an 8-inch tablet on Tuesday (October 23) in its biggest product move since the debut of the iPad two years ago, launching a smaller version of the gadget into a market staked out by Amazon.com Inc and Google Inc. The 7.9 inch "iPad mini" marks Apple's first foray into the...